Belarus: Glass Ampoules Market 2024

Glass Ampoules Market Size in Belarus

The Belarusian glass ampoules market contracted to $X in 2022, shrinking by -14.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Glass Ampoules Exports

Exports from Belarus

In 2022, exports of glass ampoules for packing of goods from Belarus rose significantly to X units, growing by 11% on the previous year. Overall, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 10,304%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass ampoules exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2016 when exports increased by 6,878% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Armenia (X units) was the main destination for glass ampoules exports from Belarus, accounting for a 59% share of total exports. Moreover, glass ampoules exports to Armenia exceeded the volume sent to the second major destination, Ukraine (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Armenia amounted to +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+9.8% per year) and Russia (-24.6% per year).

In value terms, Ukraine ($X), Armenia ($X) and Russia ($X) appeared to be the largest markets for glass ampoules exported from Belarus worldwide, with a combined 99% share of total exports.

Ukraine, with a CAGR of +22.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average glass ampoules export price amounted to $X per thousand units, growing by 19% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass ampoules export price increased by +93.3% against 2016 indices. The most prominent rate of growth was recorded in 2015 an increase of 46%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per thousand units), while the average price for exports to Armenia ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+11.6%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Ampoules Imports

Imports into Belarus

In 2022, overseas purchases of glass ampoules for packing of goods decreased by -21.8% to X units, falling for the seventh year in a row after four years of growth. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by 35% against the previous year. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, glass ampoules imports declined to $X in 2022. Overall, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of 27%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Ukraine (X units), Russia (X units) and Hungary (X units) were the main suppliers of glass ampoules imports to Belarus, together accounting for 94% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +11.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Ukraine ($X), Russia ($X) and Hungary ($X) were the largest glass ampoules suppliers to Belarus, together accounting for 87% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +14.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average glass ampoules import price amounted to $X per thousand units, growing by 13% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass ampoules import price increased by +13.2% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 43%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per thousand units), while the price for Russia ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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